{"id":359,"date":"2019-10-29T19:40:57","date_gmt":"2019-10-29T09:40:57","guid":{"rendered":"https:\/\/bantacs.com.au\/Jblog\/?p=359"},"modified":"2020-05-04T18:23:58","modified_gmt":"2020-05-04T08:23:58","slug":"dont-panic-about-31st-october","status":"publish","type":"post","link":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/","title":{"rendered":"Don&#8217;t panic about 31st October"},"content":{"rendered":"<div class=\"entry\">\n<h2 style=\"text-align: left;\">&nbsp;&nbsp;&nbsp;&nbsp; Don\u2019t Panic!<\/h2>\n<h4>&nbsp;&nbsp;&nbsp; The radio stations will soon start threatening doom and gloom if you don\u2019t lodge your tax return by 31<sup>st<\/sup> October, 2019!!!<\/h4>\n<p>Tax agents are provided with a lodgement program so they can lodge tax returns for most of the year and retain quality staff.&nbsp; It is not a matter of making sure you have lodged by the 31<sup>st<\/sup> October, 2019 but at least touch base with your Accountant by then.&nbsp; Here is what you need to do, depending on your circumstances.<\/p>\n<p><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/lodgements.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Download PDF<\/a><\/span><\/p>\n<p><strong>Lodged Late Last Year:<\/strong><\/p>\n<p>Be alarmed if you lodged your 2018 tax return late.&nbsp; Despite your Accountant\u2019s lodgement program you will be required to lodge your 2019 tax return by 31<sup>st<\/sup> October 2019 as a punishment for late lodgement of your 2018.&nbsp; If this applies to you ring your tax agent now!&nbsp;&nbsp; Yes, you can panic a little bit.&nbsp; Your tax agent should be able to apply to the ATO for an extension past 31<sup>st<\/sup> October 2019 but only if they undertake that you have given them the necessary information to complete the 2019 tax return.&nbsp; Further, the ATO will not advise us of whether this application is successful until 3 weeks after we apply.<\/p>\n<p><strong>Changing Tax Agents:<\/strong><\/p>\n<p>If you have decided to use a different tax agent to lodge your 2019 income tax return you&nbsp; need to be in touch with the new one before 16<sup>th<\/sup> December, 2019 to transfer to their lodgement program.&nbsp; If you don\u2019t there is a risk that your previous agent will drop you from their lodgement program and you will revert to 31<sup>st<\/sup> October 2019 lodgement because you do not have a tax agent.&nbsp; Again, we can plead your case after 16<sup>th<\/sup> December, 2019 but this is extra work you will be charged for and an unnecessary risk.<\/p>\n<p><strong>First Time Using a Tax Agent:<\/strong><\/p>\n<p>You need to be on a tax agent\u2019s lodgement program before 31<sup>st<\/sup> October, 2019.<\/p>\n<p><strong>Same Old Same Old:<\/strong><\/p>\n<p>If you are continuing with your existing tax agent and lodged your 2018 tax return on time then you should be safe for a few months yet.&nbsp; But please don\u2019t leave it until the deadline of mid May 2020 because if everyone else does that we will have no chance of getting all the returns in on time.&nbsp; Technically to rely on our lodgement program you should have your paperwork to us before 16<sup>th<\/sup> December 2019.<\/p>\n<p><strong>Work Flow:<\/strong><\/p>\n<p>This of course brings us to another issue.&nbsp; Timeliness of finalising your tax return.&nbsp; There are times in the year,&nbsp; July \u2013 August, end of October and mid December when the bulk of our year\u2019s work arrives in our office.&nbsp; A few weeks turn around during these peak times is unrealistic.&nbsp; Doesn\u2019t mean you are not loved.&nbsp; Good Accountants need to work all year and offer full time employment to their staff.&nbsp; A successful Accounting practice will, in December gaze into their crystal ball and predict all staff fluctuations and clients likely to return and carefully plan the next 6 months to keep everyone employed but it is not an exact science.<\/p>\n<p>Accountants are in an unusual position that they need to keep their staff working all year to keep quality staff.&nbsp; Yet just about everyone is ready to get their tax return done in the first couple of months of the financial year.&nbsp; Someone has to be last and it is not necessarily because they are not important.&nbsp; In fact, it may well be the opposite.&nbsp; Of lower priority are clients who are not likely to get a refund, unlikely to want to refinance loans and have a good understanding of their affairs.&nbsp; It may well be a sign of status, stability and competency that your return is left till the end of the lodgement year.&nbsp; People desperate for their refunds and squeaky wheels are usually given priority, out of compassion not because the Accountant doesn\u2019t care about their other clients.&nbsp; If you have a reason you need to jump the queue make sure you give as much notice as you can.<\/p>\n<p>Accountants are penalised by the ATO if they have too many late lodgements so it is actually in their interest to remove you from their lodgement program if you have not got your work to them in time.&nbsp; Of course, most of us don\u2019t do that to our clients and wear the consequences but it is important to note that you need to be in communication with your tax agent.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;&nbsp;&nbsp;&nbsp; Don\u2019t Panic! &nbsp;&nbsp;&nbsp; The radio stations will soon start threatening doom and gloom if you don\u2019t lodge your tax return by 31st October, 2019!!! Tax agents are provided with a lodgement program so they can lodge tax returns for most of the year and retain quality staff.&nbsp; It is not a matter of making &#8230;<\/p>\n","protected":false},"author":3,"featured_media":360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-359","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-wage-earners","8":"anons"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Don&#039;t panic about 31st October - Julia&#039;s Blog<\/title>\n<meta name=\"description\" content=\"Worried about your late tax return? Learn about the important dates around lodging your tax submission with your accountant.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don&#039;t panic about 31st October - Julia&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Worried about your late tax return? Learn about the important dates around lodging your tax submission with your accountant.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/\" \/>\n<meta property=\"og:site_name\" content=\"Julia&#039;s Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-29T09:40:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-04T08:23:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"294\" \/>\n\t<meta property=\"og:image:height\" content=\"172\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Julia Hartman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Julia Hartman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/\"},\"author\":{\"name\":\"Julia Hartman\",\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/a8f5a6a9343efcc9a69b9748ee78361e\"},\"headline\":\"Don&#8217;t panic about 31st October\",\"datePublished\":\"2019-10-29T09:40:57+00:00\",\"dateModified\":\"2020-05-04T08:23:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/\"},\"wordCount\":775,\"publisher\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/a8f5a6a9343efcc9a69b9748ee78361e\"},\"image\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg\",\"articleSection\":[\"Wage Earners\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/\",\"url\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/\",\"name\":\"Don't panic about 31st October - Julia&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg\",\"datePublished\":\"2019-10-29T09:40:57+00:00\",\"dateModified\":\"2020-05-04T08:23:58+00:00\",\"description\":\"Worried about your late tax return? Learn about the important dates around lodging your tax submission with your accountant.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#primaryimage\",\"url\":\"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg\",\"contentUrl\":\"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg\",\"width\":294,\"height\":172},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.bantacs.com.au\/Jblog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Don&#8217;t panic about 31st October\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/#website\",\"url\":\"https:\/\/www.bantacs.com.au\/Jblog\/\",\"name\":\"Julia&#039;s Blog\",\"description\":\"By Julia Hartman\",\"publisher\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/a8f5a6a9343efcc9a69b9748ee78361e\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bantacs.com.au\/Jblog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/a8f5a6a9343efcc9a69b9748ee78361e\",\"name\":\"Julia Hartman\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2015\/10\/julia_b2-e1516658702831.jpg\",\"contentUrl\":\"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2015\/10\/julia_b2-e1516658702831.jpg\",\"width\":100,\"height\":100,\"caption\":\"Julia Hartman\"},\"logo\":{\"@id\":\"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Don't panic about 31st October - Julia&#039;s Blog","description":"Worried about your late tax return? Learn about the important dates around lodging your tax submission with your accountant.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/","og_locale":"en_US","og_type":"article","og_title":"Don't panic about 31st October - Julia&#039;s Blog","og_description":"Worried about your late tax return? Learn about the important dates around lodging your tax submission with your accountant.","og_url":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/","og_site_name":"Julia&#039;s Blog","article_published_time":"2019-10-29T09:40:57+00:00","article_modified_time":"2020-05-04T08:23:58+00:00","og_image":[{"width":294,"height":172,"url":"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg","type":"image\/jpeg"}],"author":"Julia Hartman","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Julia Hartman","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#article","isPartOf":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/"},"author":{"name":"Julia Hartman","@id":"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/a8f5a6a9343efcc9a69b9748ee78361e"},"headline":"Don&#8217;t panic about 31st October","datePublished":"2019-10-29T09:40:57+00:00","dateModified":"2020-05-04T08:23:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/"},"wordCount":775,"publisher":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/a8f5a6a9343efcc9a69b9748ee78361e"},"image":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg","articleSection":["Wage Earners"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/","url":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/","name":"Don't panic about 31st October - Julia&#039;s Blog","isPartOf":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#primaryimage"},"image":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg","datePublished":"2019-10-29T09:40:57+00:00","dateModified":"2020-05-04T08:23:58+00:00","description":"Worried about your late tax return? Learn about the important dates around lodging your tax submission with your accountant.","breadcrumb":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#primaryimage","url":"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg","contentUrl":"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2019\/10\/dont-panic-for-blog.jpg","width":294,"height":172},{"@type":"BreadcrumbList","@id":"https:\/\/www.bantacs.com.au\/Jblog\/dont-panic-about-31st-october\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.bantacs.com.au\/Jblog\/"},{"@type":"ListItem","position":2,"name":"Don&#8217;t panic about 31st October"}]},{"@type":"WebSite","@id":"https:\/\/www.bantacs.com.au\/Jblog\/#website","url":"https:\/\/www.bantacs.com.au\/Jblog\/","name":"Julia&#039;s Blog","description":"By Julia Hartman","publisher":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/a8f5a6a9343efcc9a69b9748ee78361e"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bantacs.com.au\/Jblog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/a8f5a6a9343efcc9a69b9748ee78361e","name":"Julia Hartman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/image\/","url":"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2015\/10\/julia_b2-e1516658702831.jpg","contentUrl":"https:\/\/www.bantacs.com.au\/Jblog\/wp-content\/uploads\/2015\/10\/julia_b2-e1516658702831.jpg","width":100,"height":100,"caption":"Julia Hartman"},"logo":{"@id":"https:\/\/www.bantacs.com.au\/Jblog\/#\/schema\/person\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/posts\/359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/comments?post=359"}],"version-history":[{"count":5,"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/posts\/359\/revisions"}],"predecessor-version":[{"id":613,"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/posts\/359\/revisions\/613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/media\/360"}],"wp:attachment":[{"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/media?parent=359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/categories?post=359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bantacs.com.au\/Jblog\/wp-json\/wp\/v2\/tags?post=359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}